RTAI vs. PMIO ETF Comparison

Comparison of Rareview Tax Advantaged Income ETF (RTAI) to PGIM Municipal Income Opportunities ETF (PMIO)

RTAI

Rareview Tax Advantaged Income ETF

RTAI Description

The investment seeks total return with an emphasis on providing current income, a substantial portion of which will be exempt from federal income taxes. Under normal market conditions, the fund will invest in municipal bond closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. While it will invest primarily in closed-end funds, the fund may invest up to 30% of its assets in municipal or short term Treasury ETFs if in the adviser's discretion, the ETFs will provide a better investment opportunity or liquidity for the asset class. It is non-diversified.

Grade (RS Rating)

Last Trade

$21.85

Average Daily Volume

1,557

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

PMIO

PGIM Municipal Income Opportunities ETF

PMIO Description

Under normal circumstances, the fund invests at least 80% of its investable assets in municipal obligations whose income is exempt from federal income taxes. For purposes of this policy, such municipal obligations include zero coupon bonds, variable rate demand obligations, short term municipal notes, tax-exempt commercial paper, municipal lease obligations etc.

Grade (RS Rating)

Last Trade

$51.03

Average Daily Volume

251

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

Performance

Period	RTAI	PMIO
30 Days	-2.25%	0.26%
60 Days	-2.83%	0.17%
90 Days	-0.32%	1.05%
12 Months	13.28%

0 Overlapping Holdings

	Symbol	Grade	Weight in RTAI	Weight in PMIO	Overlap

RTAI Overweight 12 Positions Relative to PMIO

	Symbol	Grade	Weight
	NZF	C	14.13%
	NAD	C	13.02%
	MMU	C	10.55%
	NVG	D	9.41%
	BLE	D	9.25%
	IQI	D	8.55%
	VKQ	C	8.39%
	IIM	D	8.05%
	VMO	D	7.49%
	NEA	C	6.82%
	MYD	D	3.58%
	MHD	D	0.4%

RTAI Underweight 2 Positions Relative to PMIO

	Symbol	Grade	Weight
	VTEB	A	-3.67%
	MUB	A	-3.22%

RTAI: Top Represented Industries & Keywords

Industries: Asset Management

Keywords: ETF Exchange Traded Fund Mutual Fund Bond Invesco Municipal Bond Nuveen Tiaa Blackrock Income Trust Invesco Perpetual Black Rock Bond Market Closed End Fund Dividend Pollution Pollution Control Alternative Minimum Tax Discretionary Investment Advisory Services Exchange Traded Funds

PMIO: Top Represented Industries & Keywords

Industries:

Keywords: Bond ETF Exchange Traded Fund Alternative Minimum Tax Bond Market Bond Market Indices Municipal Bond Revenue Bond Stock Fund